Pinterest Valued at More Than $2 Billion: Report

social networks, social media, Pinterest, Facebook, TwitterPinterest is in the midst of a fund raising round that puts the company’s total value between $2 and $2.5 million, according to a Wall Street Journal report.

The company’s last major funding round in May 2012, led by Rakuten, put Pinterest’s value at $1.5 billion.

Although there was talk that Pinterest’s appeal was wearing off, its user numbers have remained strong.

In December 2012, the social scrapbooking site saw more than 28,000, up 55 percent from the month before the Ratuken founding round. A proportionate increase to its valuation puts the company’s worth at $2.33 billion.

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!